John had adjusted gross income of $60,000. During the year, his personal use summer home was damaged by a fire. Pertinent data with respect to the home follows:
Cost basis $250,000
Value before the fire $400,000
Value after the fire
$100,000
Insurance recovery $270,000
John had an accident with his personal use car. As a result of the accident, John was cited with reckless driving and willful negligence. Pertinent data with respect to the car follows:
Cost basis $80,000
Value before the accident $6,000
Value after the accident $20,000
Insurance recovery $0
What is John's deductible casualty loss?